Halitron Inc (HAON)

[towerclimber92]

CC takeaway:

*Adding 2nd manufacturing shift.

*Added 2 sales reps

*Retailiom facility 3,400 sqft with 1 current manufacturing shift that operates from 8am-4pm Monday-Friday.

*Estimated revenue capacity of each shift is $2,500,000 annually.

*The Retailiom current facility can handle 3 production shifts / $7,500,000 annually. Opportunity is there to lease additional building units to expand capabilities if necessary.

*Xerox c75 digital press will be coming online over the next 2-3 months to add to CinchSigns / RetailIom's product line.

*Cash will primarily be used to expand business operations and to acquire acquisitions.

*Company lacks access to traditional financing right now.

*With elimination of Hopp LI to CT relo expense looking at +$27k minimum / qtrly to net income

*Proceeds of $3m convertible promissory note with LTCP is still intended to be divvied out.

*$200k debt remaining in the HOPP transaction. In process to have this debt negotiated on.

*Potential acquisitions include a manufacturing facility in Mexico, and a $10m profitable company in the central part of the u.s.

*Looking to broaden out from "meat & potato" type businesses to hyper growth markets. Seeking partnerships with public companies to see if they would like to become a subsidiary. Benefits of this would include: a larger shareholder base with a unique capital structure.

*Shares issued for acquisitions would be in the form of restricted shares with conversion terms over 2 years.